Trade and real estate account for most Dubai DED business licences issued in April

Dubai Department of Economic Development's 'business map' digital platform saw 26,498 business registration and licensing transactions completed
By Bernd Debusmann Jr
Thu 17 May 2018 09:40 AM

The Dubai Department of Economic Development (DED) issued 1,848 new business licences in April, while its ‘business map’ digital platform saw 26,498 business registration and licensing transactions completed, the DED announced.

According to the DED, the business map accounted for 12,670 transactions in April, while another 3,305 transactions were trade name reservations, 3,778 were auto renewals, 87 were instant licences and 117 were transactions related to e-Trader licences.

Of the new licences issued, 58.6 percent were commercial, 38.9 percent were professional, 1.5 were tourism-related and 1 percent was industrial.

Bur Dubai accounted for 854 licences, compared to 834 in Deira, 150 in New Dubai and 10 in Hatta.

The top 10 sub-regions that accounted for 56 percent of all the transactions were Burj Khalifa (12.6 percent), New Dubai (9.3 percent), Al Marar (6.8 percent), Naif (5.3 percent), Garhoud (4.8 percent), Port Saeed (4.6 percent), Dubai World Trade Centre 1 (4.4 PERCENT), Hor Al Anz (3.5 percent), Karama (2.4 percent) and Al Wasl (2.3 percent).

Additionally, the outsourced service centres of DED accounted for 20,146 transactions – 74 percent of the total.

Of the total April 2018 transactions, trade and prepaid accounted for 35.7 percent, followed by the real estate, leasing and business services (22.5 percent), community and personal services (12.5 percent), construction (11.6 percent), hotels (8.1 percent), transport, storage and communications (3.4 percent), manufacturing (3.2 percent), financial brokerage (2.3 percent), education (1.4 percent), health and labour (0.9 percent) and agriculture (0.7 percent).

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Last Updated: Thu 17 May 2018 09:41 AM GST

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